WHUT (Howard University Television)
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Jan 28, 2013
01/13
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WHUT
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we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of confidence in the european project and the eurozone project, losing several banks, people on the streets, riots. (singing) (instrumental music) >> the u.s. treasury secretary tim geithner, concerned about the eurozone crisis, sought a meeting with the german finance minister wolfgang schauble on his holiday. in a statement, they said there was a need for global cooperation to resolve debt problems. >> as the european union's greatest ally and trading partner, what can the u.s. do to prevent a break up? >> well the eurozone is of course america's leading trade partner. and as a consequence, if the eurozon
we need firm rules for who can be in the euro and who can be out of the euro and what conditions they have to meet to make those transitions. and we need some sort of fiscal architecture to protect the euro against these enormous issuances of unsustainable debt. >> unfortunately, since that feels quite far away from where we're standing right now, we must contemplate the worst case scenario, which would be one country leaving the euro followed by several others. a complete collapse of...
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Jan 31, 2013
01/13
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KCSMMHZ
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the euro slightly up against the greenback. we will leave it at that. >> more international news now. the new york based group human rights watch issued its annual review of the human rights situation in more than 90 countries. it gives special attention to war crimes surrounding the arabs bring -- arab spring, accusing both the syrian government and rebels of war crimes. the organization criticizes burma, saying the government has not done enough to protect minorities. on the topic of syria, we spoke to the director of human rights watch in germany asking what could be done with hundreds of thousands fleeing syria and daily news of crimes. >> first of all, we have to help those people. the need aid, food, good tents, good housing, and also the western countries have to take on some of the refugees, not to leave the burden of to turkey and jordan alone. we shall revise our policy there, but also very important is the international criminal court. the rebel gang leader or the officer of assad's army -- they have to know that the
the euro slightly up against the greenback. we will leave it at that. >> more international news now. the new york based group human rights watch issued its annual review of the human rights situation in more than 90 countries. it gives special attention to war crimes surrounding the arabs bring -- arab spring, accusing both the syrian government and rebels of war crimes. the organization criticizes burma, saying the government has not done enough to protect minorities. on the topic of...
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Jan 8, 2013
01/13
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KCSMMHZ
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euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens' austerity drive and says the entire european union faces difficulty in the months ahead to overcome differences. >> a wet and blustery berlin awaited the greek prime minister. he was in the german capital awaiting a conference organized by the newspaper, but he also dropped in on chancellor merkel for what were described as informal talks. samaras said greece was still doing all it could to get its economic house in order. >> in greece, we are making enormous effort and great sacrifices to get things back on the right track. we are doing everything
euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens'...
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Jan 8, 2013
01/13
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LINKTV
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euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens' austerity drive and says the entire european union faces difficulty in the months ahead to overcome differences. >> a wet and blustery berlin awaited the greek prime minister. he was in the german capital awaiting a conference organized by the newspaper, but he also dropped in on chancellor merkel for what were described as informal talks. samaras said greece was still doing all it could to get its economic house in order. >> in greece, we are making enormous effort and great sacrifices to get things back on the right track. we are doing everything
euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens'...
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Jan 3, 2013
01/13
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KCSM
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check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the country's constitutional court to review the government's disputed budget for this year. he said he was concerned about whether it fairly distributes the burdens of portugal's economic reforms. it includes tax increases and welfare cuts. he signed the budget, despite opposition. he said that was to avoid harming the country's economy. >> the economic exports and the chancellor have warned about of times ahead. when you look at the nation's unemployment, the picture looks pretty good. >> 2012 ended with more people working than ever before, and that after six years of consecutive games. >> the number of people in worked in germany is higher than ever, despite soaring unemployment in many other european countries. new figures show a stable german job market. the number of employed has been rising steadily. in 2012, 41.5 million people were employed. there are signs that th
check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the country's constitutional court to review the government's disputed budget for this year. he said he was concerned about whether it fairly distributes the burdens of portugal's economic reforms. it includes tax increases and welfare cuts. he signed the budget, despite opposition. he said that was to avoid...
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Jan 30, 2013
01/13
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KCSM
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you're a -- euro stoxx 50 a tad higher. across the atlantic on wall street, the dow at this hour trading well up at 13,957. >> in just a few moments, we will be looking at how important it is to take an actual break. >> more on that in a minute, but first, a look at other stories making the news. >> floods have killed 30 people and displaced more than 150,000 in mozambique in southern africa. the united nations is mounting an appeal for at least 50 million euros to deal with the crisis. more rain is forecast for the coming days. >> the residents of beijing have been warned again to avoid going outdoors due to a dangerous mob. toxins in the air have been measured it 20 times higher than levels deemed safe to breathe. the smog has been suffocating the chinese capital for weeks. hospitals have reported a spike in patients with respiratory problems, including many children. >> workers protesting the closure of several belgian steel plants have clashed with police. it will shut down most of its production lines in belgium, costi
you're a -- euro stoxx 50 a tad higher. across the atlantic on wall street, the dow at this hour trading well up at 13,957. >> in just a few moments, we will be looking at how important it is to take an actual break. >> more on that in a minute, but first, a look at other stories making the news. >> floods have killed 30 people and displaced more than 150,000 in mozambique in southern africa. the united nations is mounting an appeal for at least 50 million euros to deal with...
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Jan 24, 2013
01/13
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KCSM
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euro stoxx 50 on the other hand was lower. the dow jones industrial average is trending positive. euro/dollar, however, is lower trading for $1.3309. >> to look like it would start edging up towards that 8000 mark, but may be this next aureus the reason. international monetary fund is out with its latest prediction for global economic growth, and the picture is not as rosy as some are hoping. >> at the forecast the global economy to grow slightly more than expected. let's get a closer look at some of the challenges. >> the imf says japan's mounting debt pile is cause for concern. not only sovereign debt but consumer debt, too. debt is also dragging down the u.s. economy, cooling down growth there as well. the imf also sing about the risk of stagnation within the eurozone. companies like this machinery firm in germany depend on foreign markets to sell their products, and they are feeling the squeeze as customers abroad have less money to spend on european goods. according to the imf, the euro crisis and the global debt crisis are the greatest threats to global economic growth. the
euro stoxx 50 on the other hand was lower. the dow jones industrial average is trending positive. euro/dollar, however, is lower trading for $1.3309. >> to look like it would start edging up towards that 8000 mark, but may be this next aureus the reason. international monetary fund is out with its latest prediction for global economic growth, and the picture is not as rosy as some are hoping. >> at the forecast the global economy to grow slightly more than expected. let's get a...
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Jan 7, 2013
01/13
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KCSMMHZ
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 15, 2013
01/13
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KCSMMHZ
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dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks either. experts inspect and count it every year. these do not have a chance. but this kind of ch
dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and...
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Jan 7, 2013
01/13
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LINKTV
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over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on that will be continued as before, but further steps need to be taken before a new deadline can be given. >> the board has reportedly known about the delay for weeks. wowereit's opponents are not happy about that. some say it is time for him to go. >> at this point, it must be said that klaus wowereit is no longer fit for the job, especially if it is true that he left the public in the dark for weeks, leading as a -- leaving us a disaster that will cost hundreds of billions of euros or more. >> beyond 2014, there is little indication when the new hub might open it
over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit. after a crisis meeting, the mayor of berlin resigned from his post. he has come to represent the continued failure of a project which has been delayed yet again. wowereit not give any information about when the airport will finally be open for business. >> a new deadline cannot be given at the moment, as we have made clear. it will be considered by the supervisory board. work on...
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Jan 15, 2013
01/13
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LINKTV
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dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks either. experts inspect and count it every year. these do not have a chance. but this kind of ch
dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and...
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Jan 22, 2013
01/13
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KCSMMHZ
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the euro stocks 50 also down. dow jones slightly higher at 13,694 and eurodollars is unchanged. what japan is pulling out all of it stops in its fight against deflation. the new government announced a round of fiscal stimulus. >> promising unlimited monetary stimulus until inflation hits 2%. >> he got his way. the prime minister has been pressuring the bank of japan to do more to help economic recovery. the bond buying program is a big part of it. he said it will be a shift. >> together with the central bank, we have agreed on an inflation target of 2%. that is a revolutionary appointment that puts our fiscal policies on an entirely new foundation. >> over the last few decades, japan has bought deflation. previous efforts have failed. the bank of japan says they will print new money until prices began to rise. japan needs a vibrant economy to bring down its mountain of debt equivalent to 235% of gdp compared to 110% in the united states and spain's load of 90% of gdp. traders in tokyo appear unimpressed. the nikkei dropped on the day. >> it is a dispute that has been literally b
the euro stocks 50 also down. dow jones slightly higher at 13,694 and eurodollars is unchanged. what japan is pulling out all of it stops in its fight against deflation. the new government announced a round of fiscal stimulus. >> promising unlimited monetary stimulus until inflation hits 2%. >> he got his way. the prime minister has been pressuring the bank of japan to do more to help economic recovery. the bond buying program is a big part of it. he said it will be a shift....
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Jan 25, 2013
01/13
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CNBC
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euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change and whether things are temporary. >> i certainly hope we've made a fundamental turn. if this crisis is 100 steps, i'd say we are about 60 steps down the road. now, really, we have the fundamental institutional things in place. so that has calmed down the markets. what we now need is political stability. i think the italian election is one thing and the second thing we need in europe more than anything else is -- >> yeah. we thought stabilizing the crisis in terms of the bond spreads playing out was hard. getting growth into europe looks to be an almost impo
euro/dollar is about 1% higher on the back of that news. the ifo institute, current conditions, 108. headline index, 104.2 versus 103. ross, what do you make of it? >> well, you can see what's going on with the euro there, 134. let's get more from finland. good to see you, alex. thanks indeed for joining us. the defense here that we're no longer in crisis fighting mode, the question as we look at data in germany, the question is whether we've made a fundamental turn, a fundamental change...
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Jan 9, 2013
01/13
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CNBC
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, the correlation between the euro and the s&p kind of weakened to the favor of the euro. and if the thing that i mentioned this year will happen, which is basically, you know, the gdp growth in greece may come back up, i think that will be good for the u.s. >> boris, response briefly. >> yeah, but you know, we can play the same game on the euro side where we -- we heard that story over and over again. what we have, moderation of periphery yields, euro rallies, then again we have another flare-up of the crisis. so my question is, will the spanish be able to refinance all of their debt? will italians be able to finance their debt? i think a lot of the positive compression of periphery yields is in the euro. now i agree, i don't think the dollar is going to have a massive rally against the euro unless there's a major source of friction in the eurozone as we go forward. i think a lot of the benefit that the euro has seen has already baked into the cake. i agree with you that in a sense, yes, dollar could rally more against the yen than against the euro, but nevertheless could
, the correlation between the euro and the s&p kind of weakened to the favor of the euro. and if the thing that i mentioned this year will happen, which is basically, you know, the gdp growth in greece may come back up, i think that will be good for the u.s. >> boris, response briefly. >> yeah, but you know, we can play the same game on the euro side where we -- we heard that story over and over again. what we have, moderation of periphery yields, euro rallies, then again we...
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Jan 11, 2013
01/13
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KCSM
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the euro stoxx 50 managing to finish the day with very slight gains. across the atlantic at this hour, the dow doing pretty good, up by more than 1/3 of 1%. the euro also higher against the greenback, trading at this hour at a value of $1.3260. the global economic slowdown and the eurozone debt crisis have, of course, affected the auto sector. europe has seen an overall drop in the sale of cars. >> but not in all categories. german luxury brands are still doing well. bmw has released figures showing healthy profits in 2012. then the bmw is overtaking them all. almost everywhere in the world. the munich-based carmaker reported healthy sales last year, not just in china and the united states but also in europe. worldwide, some 1.5 million cars were purchased in 2012, an increase of almost 12% and a new record. vw subsidiary audi also scored a record, selling 1.4 million high-and cars and posting similar gains. mercedes sales hit a record high as well with 1.3 million cars sold around the world, up almost 5% on the previous year. mercedes, however, finds
the euro stoxx 50 managing to finish the day with very slight gains. across the atlantic at this hour, the dow doing pretty good, up by more than 1/3 of 1%. the euro also higher against the greenback, trading at this hour at a value of $1.3260. the global economic slowdown and the eurozone debt crisis have, of course, affected the auto sector. europe has seen an overall drop in the sale of cars. >> but not in all categories. german luxury brands are still doing well. bmw has released...
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Jan 11, 2013
01/13
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LINKTV
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the euro stoxx 50 managing to finish the day with very slight gains. across the atlantic at this hour, the dow doing pretty good, up by more than 1/3 of 1%. the euro also higher against the greenback, trading at this hour at a value of $1.3260. the global economic slowdown and the eurozone debt crisis have, of course, affected the auto sector. europe has seen an overall drop in the sale of cars. >> but not in all categories. german luxury brands are still doing well. bmw has released figures showing healthy profits in 2012. then the bmw is overtaking them all. almost everywhere in the world. the munich-based carmaker reported healthy sales last year, not just in china and the united states but also in europe. worldwide, some 1.5 million cars were purchased in 2012, an increase of almost 12% and a new record. vw subsidiary audi also scored a record, selling 1.4 million high-and cars and posting similar gains. mercedes sales hit a record high as well with 1.3 million cars sold around the world, up almost 5% on the previous year. mercedes, however, finds
the euro stoxx 50 managing to finish the day with very slight gains. across the atlantic at this hour, the dow doing pretty good, up by more than 1/3 of 1%. the euro also higher against the greenback, trading at this hour at a value of $1.3260. the global economic slowdown and the eurozone debt crisis have, of course, affected the auto sector. europe has seen an overall drop in the sale of cars. >> but not in all categories. german luxury brands are still doing well. bmw has released...
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Jan 10, 2013
01/13
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LINKTV
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the euro stoxx 50 managing to finish the day with very slight gains. across the atlantic at this hour, the dow doing pretty good, up by more than 1/3 of 1%. the euro also higher against the greenback, trading at this hour at a value of $1.3260. the global economic slowdown and the eurozone debt crisis have, of course, affected the auto sector. europe has seen an overall drop in the sale of cars. >> but not in all categories. german luxury brands are still doing well. bmw has released figures showing healthy profits in 2012. then the bmw is overtaking them all. almost everywhere in the world. the munich-based carmaker reported healthy sales last year, not just in china and the united states but also in europe. worldwide, some 1.5 million cars were purchased in 2012, an increase of almost 12% and a new record. vw subsidiary audi also scored a record, selling 1.4 million high-and cars and posting similar gains. mercedes sales hit a record high as well with 1.3 million cars sold around the world, up almost 5% on the previous year. mercedes, however, finds
the euro stoxx 50 managing to finish the day with very slight gains. across the atlantic at this hour, the dow doing pretty good, up by more than 1/3 of 1%. the euro also higher against the greenback, trading at this hour at a value of $1.3260. the global economic slowdown and the eurozone debt crisis have, of course, affected the auto sector. europe has seen an overall drop in the sale of cars. >> but not in all categories. german luxury brands are still doing well. bmw has released...
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Jan 24, 2013
01/13
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KCSMMHZ
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euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the government had to pay only 4.9% in interest, signaling investors are more confident about the country's finances. portugal was forced to accept an
euro stoxx 50 also higher. the dow jones industrial average also continuing the positive trend. the euro-dollar also trending positive, trading for $1.3370. >> a lot of optimism, despite all the optimism that seems to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people....
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the euro probably had some. what it did with the creation of the year when the countries came in when it really came in they had before the euro. industry to run twelve percent fourteen percent that had a devaluation premium in and when they joined the or suddenly they were all the. you know four percent four percent or below and this encouraged countries now with no dead it can add more to. give the wrong message because what they should have realized is that this these debts now are so euro debt no longer drachmas are clear that it can't devalued them away you're stuck with this and maybe in retrospect it might have been wise for countries of the high debt not to lock themselves into that fixed at her to have a devaluation in inflation before but nobody wanted to do that and if they. murdered risk not being able to make that deadline of nine hundred ninety nine of getting all those countries into the euro zone and and because. you know a moment the political moment may have been missed and may not have come up
the euro probably had some. what it did with the creation of the year when the countries came in when it really came in they had before the euro. industry to run twelve percent fourteen percent that had a devaluation premium in and when they joined the or suddenly they were all the. you know four percent four percent or below and this encouraged countries now with no dead it can add more to. give the wrong message because what they should have realized is that this these debts now are so euro...
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it isn't the creation of the euro. cars the problem so much because before the euro came into being countries where they clearly had a hundred three percent. g.d.p. ratios and greece greece had two hundred ten percent belgium had. one time in one thousand nine hundred forty five percent so they let there's a lack of fiscal discipline all in a movement to the left in europe big spending and on. social projects that. couldn't keep going it's no longer now europe also has a static population in some cases to declining population and so you have more. people more pensions bills to pay and fewer people to work to pay them you know that it's a pretty big problem when the shot came but when you talk about dadt i mean there are i think two points to make because first of all has always been plagued with debt. reg its budget deficit in order to qualify so maybe it's not the death but what was it maybe that hero was too good on maybe you topping for europe then they probably had some. what it did with the creation of the year wh
it isn't the creation of the euro. cars the problem so much because before the euro came into being countries where they clearly had a hundred three percent. g.d.p. ratios and greece greece had two hundred ten percent belgium had. one time in one thousand nine hundred forty five percent so they let there's a lack of fiscal discipline all in a movement to the left in europe big spending and on. social projects that. couldn't keep going it's no longer now europe also has a static population in...
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foreign currency quickly it's no point having it in paris france and germany because both have the euro some eyebrows have been raised about why this is taking place now though over ten years it's been since since france and germany have had the single currency and with regards to the united states they're saying that it's just best to have it all have some of it in new york of course for the foreign currency exchange but they want to have more of it back in germany some doom mongers have suggested though that this can be showing a slight lack of state in the current economic situation in the united states right now however it seems though that there has been a political leaning placed on the bundesbank with this decision there was a huge internet campaign here in germany called bring of gold home they were saying that in fact that the bundesbank didn't know exactly how much gold they hired or exactly where it was being kept in these foreign countries the politicians have heard that of course we're in an election year here and it seems that they've heeded that message and told the bunde
foreign currency quickly it's no point having it in paris france and germany because both have the euro some eyebrows have been raised about why this is taking place now though over ten years it's been since since france and germany have had the single currency and with regards to the united states they're saying that it's just best to have it all have some of it in new york of course for the foreign currency exchange but they want to have more of it back in germany some doom mongers have...
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Jan 1, 2013
01/13
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KCSMMHZ
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in return, she will receive 750 euros per donation. that is a lot of money for the chemistry student. >> it is not a regular monthly income, but it is enough to help the family that urgently needs money. in my case, i needed to pay the registration fee so that i can keep working towards my master's degree. >> donating eggs is legal, and an increasing number of women in spain are doing it, including here. the clinics pay up to 900 compensation and expenses for the examinations, hormone treatment, and egg extraction. anna needs the money. although she is 26, she is almost too old. this clinic is looking for even younger donors, and it has plenty of applicants to choose from. >> every day, we get calls from two or three women who want to donate eggs. we now have a list of 200 donors, even though we do not have that many potential recipients. >> donating eggs is a lucrative source of income. although in spain it is illegal to sell them, donors receive money in the form of compensation. four years ago, this professor was a member of spain's
in return, she will receive 750 euros per donation. that is a lot of money for the chemistry student. >> it is not a regular monthly income, but it is enough to help the family that urgently needs money. in my case, i needed to pay the registration fee so that i can keep working towards my master's degree. >> donating eggs is legal, and an increasing number of women in spain are doing it, including here. the clinics pay up to 900 compensation and expenses for the examinations,...
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gold are going to win the currency war as we have been warning about now for years this is why the euro has been trading relatively well against the dollar because in the euro zone there are twelve thirteen thousand tons of gold versus the u.s. which has maybe a thousand times but one of the big problem stacey of course is the central banks of lease their gold out and sold it and it's now sitting in the pockets of hundreds of millions of indians in the confidence of india and so when germany goes to collect their gold they find that it's not there it's been sold and that's what this war is all about especially now that the central banking system is collapsing and countries want the only currency without counterparty risk the only currency you can print more of and that would be gold now they mention their partner central banks and this is a remnant of the bretton woods system so post world war two the us dollar was declared the world's reserve currency but for international trade it was backed by gold and because you were having to settle your balance of trade via the central banks it w
gold are going to win the currency war as we have been warning about now for years this is why the euro has been trading relatively well against the dollar because in the euro zone there are twelve thirteen thousand tons of gold versus the u.s. which has maybe a thousand times but one of the big problem stacey of course is the central banks of lease their gold out and sold it and it's now sitting in the pockets of hundreds of millions of indians in the confidence of india and so when germany...
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and on the currency markets the euro is weaker to the dollar and as you're seeing on your screen the russian ruble closed higher to both major currencies here in moscow equities traded pretty much in sympathy with the global markets r.t.s. ended the day down about a third of a percent there my sex finished the trading session flat to negative. with a less than a week to the start of the world economic forum in davos russia's gathered its own bright minds and its power brokers to discuss the ever changing global economy and of course russians place in it to tell the people who brings us the latest from the gaidar form in moscow. russia of course one week of privatization and the global integration war the main point and we trim a bit of speech here at the gaidar forum one of the keys speakers the head of the world bank's development prospects on the market says hey skeptic but the prime minister's message to subjects that struck me most was still was increased openness to the wills the prime minister emphasized that a lot of his speech when he talked about the regional polarization in
and on the currency markets the euro is weaker to the dollar and as you're seeing on your screen the russian ruble closed higher to both major currencies here in moscow equities traded pretty much in sympathy with the global markets r.t.s. ended the day down about a third of a percent there my sex finished the trading session flat to negative. with a less than a week to the start of the world economic forum in davos russia's gathered its own bright minds and its power brokers to discuss the...
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Jan 23, 2013
01/13
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the european union and the euro cannot move forward without greece. the day after a country like greece will leave the euro, the next country that will seek to leave the eurozone would be our friends and allies germany. we know this very well and they know it as well. and so it be moves us to find a mutually acceptable solutions to the benefit of europe and the european ideas. and that's why we're proposing a european solution to the european debt problem that is very similar to the solution given to germany itself at the end of world war ii in 1953, during the london conference, a series of countries, including greece, decided to allow germany the opportunity to write off 60% of the public debt through growth and moratorium on payment and this is an opportunity that must be given not only to greece but the european countries that have a debt problem so that the cubs can -- countries can rediscover growth, get back on their feet again. now, the second aspect to your very important question has to deal with how this magical word known as "growth "will
the european union and the euro cannot move forward without greece. the day after a country like greece will leave the euro, the next country that will seek to leave the eurozone would be our friends and allies germany. we know this very well and they know it as well. and so it be moves us to find a mutually acceptable solutions to the benefit of europe and the european ideas. and that's why we're proposing a european solution to the european debt problem that is very similar to the solution...
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nobody else euro and people talked about the measures now it's driven by a little bit of fiscal cliff optimism we've at least seem to have avoided it for a few months and therefore now people think that hate is to measure in japan are working to some to it actually helps to do extractions on it but the key measures here is really the start of the universe camote that risk almost can evaporate relatively quickly. so the business will today have a fantastic we can stay with us here and i'll take as the danube or so he'll be out with the. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. when i've done your. drug game coming up. the reeling from columbine to sandy hook. a supermodel with. no proof anti-depressants are a sham. from the age of pain docs pumped. in adam lanza pretty much every school shooting in the polls. was on prescription drugs on antidepressants k
nobody else euro and people talked about the measures now it's driven by a little bit of fiscal cliff optimism we've at least seem to have avoided it for a few months and therefore now people think that hate is to measure in japan are working to some to it actually helps to do extractions on it but the key measures here is really the start of the universe camote that risk almost can evaporate relatively quickly. so the business will today have a fantastic we can stay with us here and i'll take...
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state owned natural gas through death which could potentially raise more than one point five billion euros for others so what's the dire lever that while we're going to turn our attentions to a man cause are very good fellas in on this so do tell me firstly what is that and how vital is it for greece to sell it right now. well katie is a greek state owns and natural gas group which is responsible for the acquisition and delivery of fine natural gas to customers throughout the country at the moment as existing contracts with the about one hundred ninety three companies out throughout the country i believe. and despite all the economic problems that greece is currently facing at that company depth of that company's financial financials are not all that bad in comparison to the rest of the nation so a very lucrative asset indeed now to the second part of the question and greece has to sell this asset so i think you summarize it pretty well in the beginning while the country is now under huge pressure from the. from the european commission the european central bank and the international moneta
state owned natural gas through death which could potentially raise more than one point five billion euros for others so what's the dire lever that while we're going to turn our attentions to a man cause are very good fellas in on this so do tell me firstly what is that and how vital is it for greece to sell it right now. well katie is a greek state owns and natural gas group which is responsible for the acquisition and delivery of fine natural gas to customers throughout the country at the...
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Jan 8, 2013
01/13
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he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> tax regulation is especially business friendly, which is why thousands of businesses are headquartered, at least on paper, here. a growing number of greek businesses are here as well. christoph knows why. he has just helped a company set up business. in switzerland, the corporate tax rate is just 5%, compared to 20% in greece. he shows colleagues how he said it up. tax breaks are one of several factors that make switzerland highly attractive to businesses. >> if you base your business here, you are in good company, international company. there is a host of inter
he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> tax regulation is...
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here is the voice of europe's working class as we discussed the euro crisis with a representative of more than fifty trade unions. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators a lot of. self imposed out costs from society i will cut myself am i going to tax my brother understand my one time immediately i am going to leave basically attack the cops of my anger and my frustration. the. judge well into the dome. two of the most violent gangs in us history. is just all model kill or be killed with the colors matching the national flag. but this country uses violence when it reaches its and then it legitimizes the violence they all made in america on the odyssey. thank you did i'm talking to owen to user who is with the team you see an umbrella group for more than fifty trade unions in the u.k. which represent a total of nearly six and a half million people working in all sorts of sectors from train drivers to teachers i want you to thank you for talking to us today now you are a gre
here is the voice of europe's working class as we discussed the euro crisis with a representative of more than fifty trade unions. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators a lot of. self imposed out costs from society i will cut myself am i going to tax my brother understand my one time immediately i am going to leave basically attack the cops of my anger and my frustration. the. judge...
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Jan 6, 2013
01/13
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it has cost greece and the eu 10 million euros. iom officials know that many immigrants fear for their safety. the head of the commission says he wants to send a message about the harsh realities of migration. >> we go to their countries of origin and show them real images of what is going on here, the people that live 50 in one room, the others that are homeless. all these bad things that are happening, so they wil kw that this is not a game. >> akibar has received the message loud and clear. he is on the list for a return flight, although he is not optimistic about his prospects. >> my dream is to have a small clothing store, but i have no money. >> it is time to leave, even though his asylum application would have had good chances under normal circumstances. daniel estras acknowledges this. >> we want to make sure that even last minute, they know their rights, and they know there is a chance they will get asylum even if they will apply, but once -- what we see is once they are decided, determined to get back, they never get back
it has cost greece and the eu 10 million euros. iom officials know that many immigrants fear for their safety. the head of the commission says he wants to send a message about the harsh realities of migration. >> we go to their countries of origin and show them real images of what is going on here, the people that live 50 in one room, the others that are homeless. all these bad things that are happening, so they wil kw that this is not a game. >> akibar has received the message loud...
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Jan 24, 2013
01/13
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euro/dollar, 1.3331. the eurozone did report that the current account surplus was the biggest on record at a level of something like 13 billion euros. repayments are likely to keep the ecb and effectively in a tightening mode. those two things put upward pressure on the euro. dollar/yen, a big move today. 1.16%. now, that means the yen is weakening against the dollar again and it comes after japan's trade deficit in 2012 was a record high. it follows a couple of days of yen strength. the aussie/dollar shedding 0.5%. apple's first quarter profits were relatively flat. it can still be forecast by looking at the bond wall there. to look at that corporate story which is, of course, driving much of the trade action we're seeing this morning. apple's fourth quarter profits relatively flat. they did beat forecasts. revenues were shy of estimates. it was a record, but it lags to the 50 million figure analysts had i'd. shares in china doubled. ipads are abruftly in line with forecasts. in a break with ra decision,
euro/dollar, 1.3331. the eurozone did report that the current account surplus was the biggest on record at a level of something like 13 billion euros. repayments are likely to keep the ecb and effectively in a tightening mode. those two things put upward pressure on the euro. dollar/yen, a big move today. 1.16%. now, that means the yen is weakening against the dollar again and it comes after japan's trade deficit in 2012 was a record high. it follows a couple of days of yen strength. the...
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zone as long as it has this is this was this an in favor of the euro the euro zone at all costs that is where european powers especially germany begin to you try it out at all costs you talk about all costs yes to austerity see if we know it was scary but yes to the eurozone at all costs the course we've been seeing for over a year if not two years now as you said a manifestation perhaps being shown of the entire eurozone problem but so. being set in the example in greece how much longer can the people there continue under those conditions and i think we're beyond the limit. of how a society can handle this and stare it which and beyond the compared to the consequences of prolonged were for or like the great depression of the 1930's to be certain mr to press he has never said that and serious i wanted to be europe or costs but he has strongly supported that there might be a solution without the sterett it but within the euro zone i think that is the contradiction of his policy i think that if you had a position that would include at least as an option. the exit from the euro zone the
zone as long as it has this is this was this an in favor of the euro the euro zone at all costs that is where european powers especially germany begin to you try it out at all costs you talk about all costs yes to austerity see if we know it was scary but yes to the eurozone at all costs the course we've been seeing for over a year if not two years now as you said a manifestation perhaps being shown of the entire eurozone problem but so. being set in the example in greece how much longer can...
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Jan 31, 2013
01/13
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they booked a $1 billion euro litigation charge, almost 2 billion euros to pay for restructuring. sylvia is in frankfurt, rejoins us. plenty of focus, as well, on the capital levels, sylvia. >> that's at least what the markets are clearly focused on. the write-downs or the risk provisions, not a big surprise. maybe the number was a surprise. but they didn't -- clearly didn't put enough money aside in the previous quarters. so maybe that was even some good news for the taking out of there, finally they woke up to the reality that they might have to pay out more than they originally planned. the operational side, not good, but no really nasty surprises. restructuring costs, again, of postbank of the higher side of the market has expected. the numbers were below expectations. but ultimately, the market gave it almost a thumbs up and saying, okay, we hone in op on the capital numbers on the key data. we hone in on the statement from the ceos, from theco ceos at the press conference. we don't need to go into the capital markets with a capital increase. that was taken as positive news.
they booked a $1 billion euro litigation charge, almost 2 billion euros to pay for restructuring. sylvia is in frankfurt, rejoins us. plenty of focus, as well, on the capital levels, sylvia. >> that's at least what the markets are clearly focused on. the write-downs or the risk provisions, not a big surprise. maybe the number was a surprise. but they didn't -- clearly didn't put enough money aside in the previous quarters. so maybe that was even some good news for the taking out of there,...
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not at the slightest you know the european union the euro zone he lives very closely intertwined. political entity the various parts within it have to have an opposite line of cajun talking to some but the with whom you disagree does not necessarily mean spelling out and i don't. suppose. i just want to follow comment from it is funny and as we heard the news that the greek parliament brought in those massive tax hikes overnight but it's a surprise many saying really harsh tax hikes but the government saying totally fair unnecessary briefly what is the impact on those are tax hikes going to have on the greek people and is it fair. they're definitely not fair and they're certainly self-defeating in the sense that you have a collapsing economy you increase the tax rates and you end up with fewer taxes all right yana thank you very much indeed sorry about the poor quality of our communication but we got there good to hear from the n.f.l. of arkansas political economist northwest joining there in athens. in the midst of the economic crisis regulators are coming under fire for making l
not at the slightest you know the european union the euro zone he lives very closely intertwined. political entity the various parts within it have to have an opposite line of cajun talking to some but the with whom you disagree does not necessarily mean spelling out and i don't. suppose. i just want to follow comment from it is funny and as we heard the news that the greek parliament brought in those massive tax hikes overnight but it's a surprise many saying really harsh tax hikes but the...
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many many chileans of dollars yen and euro's have been created the total supply of gold around the world during the same period of time is a whopping eight percent well again you know that was before the collapse of lehman brothers before the collapse the near collapse of the global financial system and in response to that film gap to the gold antitrust action committee said this kaiser's documentary may be sensational forgetting it in the knowledge of it from the german central bank for the first time that germany's gold reserves are actually in the custody of the united states this is a detail the buddhist bank long has denied to all those who have inquired and it's potentially a matter of great controversy in germany this is what gap to wrote and two thousand and nine august two thousand and nine since then of course there's been l'arche all doggedly pursuing this story emailing the buddhist bank every single day for the last four years and this turned into a tabloid story building had us blood all covered it in germany and then it got up to the congress people senators in their polit
many many chileans of dollars yen and euro's have been created the total supply of gold around the world during the same period of time is a whopping eight percent well again you know that was before the collapse of lehman brothers before the collapse the near collapse of the global financial system and in response to that film gap to the gold antitrust action committee said this kaiser's documentary may be sensational forgetting it in the knowledge of it from the german central bank for the...